The Relationship between FDI, Economic Growth and Financial Development in Cabo Verde

Duarte, Leandro do Rosário Viana; Yin, Kedong; Li, Xuemei

doi:10.5539/ijef.v9n5p132

Cited by 34 publications

(23 citation statements)

References 13 publications

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“…According to the results of the sample of the year 2008 data, it is observed that there is a two-way causality relation between economic growth and foreign direct investments. As in this study, a two-way relationship was also found in the study of Duarte et al (2017).…”

Section: International Journal Of Economic and Administrative Studiessupporting

confidence: 84%

Doğrudan Yabanci Yatirimlar Ve Ekonomi̇k Büyüme İli̇şki̇si̇: Brict Ülkeleri̇ Panel Nedenselli̇k Anali̇zi̇

Öncü¹,

Çelik²

2018

Uluslararası İktisadi Ve İdari İncelemeler Dergisi

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Bu çalışmada doğrudan yabancı yatırımlar ile ekonomik büyümenin arasındaki ilişki BRICT(Brezilya, Rusya, Hindistan, Çin, Türkiye) ülkelerinin 1998-2016 dönemi için panel birim kök ve nedensellik testleri ile araştırılmıştır. Öncelikle, serilerin yatay kesit bağımlılığı incelenmiş ve sonrasında birim kök testleri uygulanmıştır. Dumitrescu ve Hurlin (2012) nedensellik testi sonuçlarına göre, doğrudan yabancı yatırımlardan ekonomik büyümeye doğru nedensellik ilişkisinin olmadığı fakat ekonomik büyümeden doğrudan yabancı yatırımlara doğru bir nedensellik ilişkisinin bulunduğu görülmüştür. Bu çalışmada bulunan sonuçlar Hansen vd. (2003) ve Kahveci ve Terzi (2017) çalışmalarında bulunan sonuçlar ile paralellik göstermektedir. Ayrıca, 2008 yılının verilerinin kullanılmadığı analizde doğrudan yabancı yatırımlar ve ekonomik büyüme arasında çift yönlü nedensellik ilişkisi görülmüştür. Bu çalışmada olduğu gibi, Duarte vd. (2017) çalışmasında da değişkenler arasında çift yönlü ilişki bulunmuştur.

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Section: International Journal Of Economic and Administrative Studiessupporting

confidence: 84%

Doğrudan Yabanci Yatirimlar Ve Ekonomi̇k Büyüme İli̇şki̇si̇: Brict Ülkeleri̇ Panel Nedenselli̇k Anali̇zi̇

Öncü¹,

Çelik²

2018

Uluslararası İktisadi Ve İdari İncelemeler Dergisi

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“…The result confirmed the expected hypothesis. Duarte et al (2017) aimed to empirical link economic growth, FDI inflow, and financial development in Cabo Verde using the dynamic ARDL for cointegration and the Granger causality test. The outcome validated that the FDI-led growth nexus is two-fold.…”

Section: Literature Reviewmentioning

confidence: 99%

Global FDI Inflow and Its Implication across Economic Income Groups

Joshua

Rotimi

Sarkodıe

2020

JRFM

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Foreign direct investment (FDI) as a driver of growth is important in today’s globalized economy. It is extremely difficult for economies to grow sustainably without economic interactions outside their borders. However, there has been a debate on the impact of FDI inflow on economic expansion. Hence, this study investigated the influence of FDI on economic growth for a selection of 200 economies around the world for the period 1990–2018. We subdivided the sample into World Bank income group clusters to aid comparison across income blocs. The study employed panel estimation techniques including pooled ordinary least squares (POLS), dynamic panel estimation with fixed-effects and random-effects and generalized method of moments (GMM). The study found that FDI, debt stock and official development assistance are promoters of growth in the selected countries—although debt stock weakly impacts economic growth. In contrast, trade openness and exchange rates had a mixed (negative and positive) influence on economic growth. The study suggests that the creation of a conducive business environment and economic policies will attract FDI inflows. Additionally, borrowing from external sources could be minimized despite its perceived positive influence on growth to achieve financial independence.

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“…If they are not high enough to meet the financial demand, there are also foreign sources, i.e., foreign direct investment. Their positive effect is confirmed by the boundary approach to cointegration (ARDL) as well as by the others (Duarte et al 2017). It again holds that the higher the two determinants, the more investment activity increases, and the cycle itself experiences a boom.…”

Section: Introductionmentioning

confidence: 66%

Homogeneity of Determinants in the Financial Sector and Investment in EU Countries

Urbánková

Krizek

2020

Economies

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This paper evaluates the homogeneity of the financial markets in European Union (EU) countries and the impact of determinants of the financial sector in individual EU countries on the investment by economic entities in the given countries. The objective of the paper is to evaluate the homogeneity of financial sectors in EU countries in terms of individual indicators. The paper also evaluates the interdependence between the loan amount (debt and liabilities of the financial sector) on one side and the selected investments on the other. This paper uses the statistical method of correlation analysis to determine the strength and closeness of dependence among indicators, and the multidimensional statistical method of cluster analysis to determine the homogeneity among the individual countries. The results show that, in terms of financial markets, there is still a difference between developed countries in terms of Gross Domestic Product and the rest of the EU Member States. However, in the case of investment activity that is no longer. Partial integration therefore takes place within the EU, in terms of financial markets.

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The Relationship between FDI, Economic Growth and Financial Development in Cabo Verde

Cited by 34 publications

References 13 publications

Doğrudan Yabanci Yatirimlar Ve Ekonomi̇k Büyüme İli̇şki̇si̇: Brict Ülkeleri̇ Panel Nedenselli̇k Anali̇zi̇

Doğrudan Yabanci Yatirimlar Ve Ekonomi̇k Büyüme İli̇şki̇si̇: Brict Ülkeleri̇ Panel Nedenselli̇k Anali̇zi̇

Global FDI Inflow and Its Implication across Economic Income Groups

Homogeneity of Determinants in the Financial Sector and Investment in EU Countries

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